Brands
Kora opens third Tamil Nadu store in Chennai’s Anna Nagar
CHENNAI: Kora by Nilesh Mitesh has given Chennai another reason to dress up. The bridge-to-luxury Indian men’s ethnic wear brand has opened its third store in Tamil Nadu at Anna Nagar, marking a confident step in its growing love affair with the city.
Located on 2nd Avenue, the new 4,200 square feet flagship is both a celebration and a thank you. After the strong response to its Nungambakkam store and steady patronage from across the state, Kora’s latest opening brings its signature craftsmanship closer to North Chennai’s style-conscious crowd.
The Anna Nagar store blends Tamil tradition with contemporary flair. Think refined veshti sets, silk kurtas made for Pongal mornings, pancha and kurta pairings for temple visits, and angavastram-inspired sherwanis that nod to heritage while staying firmly modern. Every piece is designed for today’s man who values culture but prefers clean lines and confident silhouettes.
For grooms, the store is a destination in itself. From luxurious silk sherwanis and designer veshti combinations to sharply tailored Indo western ensembles, Kora offers made-to-measure wedding wear backed by personalised styling consultations. The focus is simple. Honour tradition, look unforgettable.
The founders say the expansion is driven by genuine customer warmth. Chennai, they note, has embraced Kora not just for weddings, but for life’s quieter celebrations too. Opening in Anna Nagar is their way of returning that affection and making the brand more accessible across the city.
Founded in 2011 by designer duo Nilesh Chhadva and Mitesh Sumbad, Kora has grown from a boutique studio into a global name in luxury Indian menswear. Today, the brand operates 28 stores across India, the UK and the UAE, balancing traditional craftsmanship with contemporary design at every step.
The Anna Nagar store features dedicated sections for festive wear, wedding collections, fusion styles and classic essentials, along with expert tailoring services. As always, attention to detail is the hero, from fabric selection to finishing touches.
To mark the opening, Kora is hosting launch week celebrations with collection previews, complimentary styling sessions and special offers. The store is open daily from 10.30 am to 9 pm, with appointments available for personalised consultations.
With this launch, Kora continues to do what it does best. Build a bridge between heritage and modern life, one impeccably tailored outfit at a time.
Brands
UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
